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City · 55,679 residents · Dakota County, Minnesota

Apple Valley , Minnesota

In Apple Valley, a typical home is worth $370,400 and typical rent is $1,738 a month. Compared with all of Dakota County, typical rent is 12% higher and typical household income is 8% lower.

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  • Typical home value

    $370,400

    3% below the county

    12% above Minnesota

    • Apple Valley
    • Dakota
    • Minnesota

  • Typical rent

    $1,738a month

    12% above the county

    36% above Minnesota

    • Apple Valley
    • Dakota
    • Minnesota

  • Typical household income

    $97,673a year

    8% below the county

    10% above Minnesota

    • Apple Valley
    • Dakota
    • Minnesota

  • Households that own their home

    73%

    2 points below the county

    1 points above Minnesota

    • Apple Valley
    • Dakota
    • Minnesota

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$374,918
1.4% more than 12 months ago
Typical rent
$1,985 a month
0.7% less than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Apple Valley is in Dakota County. The FHA loan limit ($552,000 for a one-unit home), the fair market rents and the help on this page are those of all of Dakota County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Apple Valley apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Farmington, the typical rent is $1,241: 29% less than in Apple Valley ($1,738).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Apple Valley

What homes there are in Apple Valley, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Apple Valley, but it weighs less than in Dakota County: 51% against 58%.

Year built

By age, homes in Apple Valley look like those in Dakota County: the typical year built is 1990.

By size, homes in Apple Valley look like those in Dakota County: 65% have 3 bedrooms or more.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

About 82% of owner-occupied homes in Apple Valley are worth less than the FHA loan limit for Dakota County ($552,000).

Monthly rent with utilities

With a mortgage

$2,084 a month

Dakota County: $2,129 a month

Without a mortgage

$749 a month

Dakota County: $758 a month

Owners with a mortgage

67%

Dakota County: 70%

Owning costs about the same in Apple Valley as in Dakota County: with a mortgage, $2,084 a month; without one, $749.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, home values in Apple Valley rose at about the same pace as in Dakota County: 44% against 43%.

The typical rent in Apple Valley rose 29% over the same time; in Dakota County, it rose 32%.

Here income did not keep up with housing: it rose 9%, while home values changed +44% and rent +29%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureApple ValleyDakota CountyMinnesotaUnited States
Rental vacancy 5.8%3.8%5.3%5.5%
Homeowner vacancy Unreliable estimate0.4%0.6%0.9%
More than one person per room 2.2%2.2%2.3%3.4%
People per household 2.552.542.432.53
Drive alone 66%68%69%69%
Carpool 8%7%8%9%
Public transit 2%1%2%3%
Walk or bike 1%1%3%3%
Work from home 22%21%18%15%
Other means 1%1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

There is more rental housing open in Apple Valley: 5.8% is empty and offered for rent, against 3.8% in Dakota County.

More than one person per room: that is how 2.2% of households in Apple Valley live, near the figure in Dakota County (2.2%).

By size, households in Apple Valley look like those in Dakota County: 2.55 people on average.

In Apple Valley, 66% of workers drive alone to work; in Dakota County, 68%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Apple Valley?

A typical home costs more than the typical income allows

We start with a typical home in Apple Valley, worth $370,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 38% of the typical household income in Apple Valley, which is $97,673 a year. For that payment to be 28% of income, a household would need to earn about $132,322 a year.

The calculator's FHA and conventional loan limits are those of all of Dakota County.

Your numbers

Local data
$

Starts at the typical home value in Apple Valley. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $12,964 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,088

at 7.18% · 30 years

Loan amount
$363,691
Total interest
$523,266
Paid off in
November 2056

Includes $6,255 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,279 a month

  • Tight

    $2,279 to $2,930 a month

  • Hard

    more than $2,930 a month

    Your payment · 38%

Compared with the typical household income in Apple Valley ($97,673 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,088
Principal & interest$2,464
Property tax$306
Home insurance$154
FHA mortgage insurance (MIP)$164

You need at least $12,964 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Apple Valley and Dakota County

Apple Valley is in Dakota County, Minnesota. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Apple Valley's own numbers

Typical home value
$370,400
Typical monthly rent
$1,738
Typical yearly household income
$97,673
Households that own their home
73%
Effective property tax rate
0.99%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Dakota County

FHA limit, one-unit home
$552,000
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,734
Price change over 5 years (FHFA)
+32%
Homes in a high flood-risk zone
0.3%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Dakota County.

Everything about Dakota County

Buying

Buying a home in Apple Valley

A typical home in Apple Valley is worth $370,400: 3% below the county and 12% above Minnesota. With the typical household income in Apple Valley ($97,673 a year), a typical home costs 3.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Apple Valley 3.8 years
  • Dakota 3.6 years
  • Minnesota 3.7 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Dakota County

According to FHFA’s house price index, home prices in Dakota County rose 64% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Dakota County.

Period County Minnesota U.S.
Last year (2025) +1.5% +2.8% +2.9%
5 years (2020–2025) +32% +37% +47%
10 years (2015–2025) +64% +71% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Apple Valley next to Dakota County, Minnesota and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Apple Valley $370,400
  • Dakota $381,000
  • Minnesota $329,300
  • United States $332,700
Typical monthly rent
  • Apple Valley $1,738
  • Dakota $1,548
  • Minnesota $1,280
  • United States $1,413
Typical yearly household income
  • Apple Valley $97,673
  • Dakota $106,318
  • Minnesota $89,062
  • United States $80,734
See the full table
Apple Valley next to Dakota County and Minnesota
Measure Apple Valley Dakota County Minnesota U.S.
Typical home value $370,400 $381,000 $329,300 $332,700
Typical monthly rent $1,738 $1,548 $1,280 $1,413
Typical yearly household income $97,673 $106,318 $89,062 $80,734
Households that own their home 73% 75% 72% 65%
Typical yearly property tax $3,657 $3,749 $3,357 $3,119
Effective property tax rate 0.99% 0.98% 1.02% 0.94%
Renters with high rent for their income 52% 50% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Dakota County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Apple Valley

For a typical $370,400 home in Apple Valley, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Apple Valley's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,088a month

    Least cash to close
    Down payment
    $12,964
    Cash to close
    $24,076
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $164

  • Conventional, 5% down $3,020a month

    Down payment
    $18,520
    Cash to close
    $29,632
    Rate
    7.18%
    Mortgage insurance
    PMI · $176

  • Conventional, 20% down, no PMI $2,467a month

    Down payment
    $74,080
    Cash to close
    $85,192
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,810a month

    Down payment
    $55,560
    Cash to close
    $66,672
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Apple Valley and for Dakota County.

Property tax

Effective rate in Apple Valley

0.99%of the home’s value each year

$3,657 a year for the typical owner in Apple Valley.

  • Apple Valley 0.99%
  • Dakota 0.98%
  • Minnesota 1.02%

What Minnesota publishes Homestead market value exclusion (Minnesota Office of the Revisor of Statutes (Minnesota Statutes))

Exemptions and deadlines in Minnesota

Flood risk in Dakota County

FEMA does not publish these numbers by city: they are for all of Dakota County.

Homes in the high-risk zone
0.3%
488
Of those, with NFIP insurance
6.6%
County Minnesota U.S.
Homes in the high-risk zone 0.3% 0.7% 3.5%
Of those, with NFIP insurance 6.6% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Apple Valley

Typical rent in Apple Valley is $1,738 a month: 12% above the county. In Apple Valley, 52% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Dakota County, by unit size. To pay the 2-bedroom one ($1,734 a month) without spending more than 30% of your income, you would need to earn $33.35 an hour working full time.

HUD fair market rent for all of Dakota County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,265 $24.33 $50,600
1 bedroom $1,427 $27.44 $57,080
2 bedrooms $1,734 $33.35 $69,360
3 bedrooms $2,264 $43.54 $90,560
4 bedrooms $2,538 $48.81 $101,520

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Apple Valley

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Apple Valley is in ZIP code 55124.

For 2 bedrooms it is $2,040: $306 more than the fair market rent for Dakota County ($1,734).

  • 55124 $2,040$2,660

A ZIP code counts for Apple Valley when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Apple Valley

HUD lists 10 buildings with rents for lower incomes in Apple Valley. These are the largest.

  • Legends of Apple Valley 14050 Granite Ave, Apple Valley 55124 163 low-income homes · 1 bd: 62 · 2 bd: 57 · 3 bd: 44 · In service since 2018 · For older adults
  • Apple Valley Villa 14610 Garrett Ave, Apple Valley 55124 208 homes, 72 low-income · For older adults (952) 431-7800
  • Whitney Grove Townhomes 7690 Whitney Dr, Apple Valley 55124 56 low-income homes · For families (952) 432-4644
  • Whitney Grove Townhomes 7710 Whitney Dr, Apple Valley 55124 56 homes, 55 low-income · 1 bd: 4 · 2 bd: 30 · 3 bd: 18 · 4 bd: 4 · In service since 2017
  • Hearthstone Apartments (fka Regatta Commons) Multiple Building Addresses, Apple Valley 55124 228 homes, 50 low-income · In service since 2004

See all 74 buildings in Dakota County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Apple Valley

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Dakota County; none says it serves in Spanish.

A man listens closely, seated at a meeting table.

HUD counseling is free or low-cost

Assistance programs in Apple Valley

No down payment, repair or rent-help program on our list is for Apple Valley or Dakota County. The ones below are statewide in Minnesota: they work in Apple Valley the same as in the rest of the state.

Which programs do I qualify for? All programs in Minnesota

  • Deferred Payment Loan (Start Up)

    Statewide in Minnesota

    Minnesota state agency loan for the down payment and closing costs alongside the Start Up mortgage for first-time buyers: up to $14,000 (or $18,000 in the Plus version), with no interest or monthly payments, repaid at the end of the mortgage. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Deferred

    See the program Official page

  • Monthly Payment Loan

    Statewide in Minnesota

    Minnesota Housing loan of up to $14,000 for the down payment and closing costs, which you repay over 15 years at the same rate as your Minnesota Housing mortgage; it works with Start Up (first-time buyers) or Step Up. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Repayable

    See the program Official page

Housing counselors near Apple Valley

The HUD-approved agencies closest to the center of Apple Valley, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Dakota County Community Development Agency

    1228 Town Centre Dr, Eagan · 6 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 2 more
    (651) 675-4400

  • Prg, Inc.

    2017 E 38th St, Minneapolis · 13 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    (612) 721-7556

  • Neighborhood Development Alliance

    481 Wabasha St S, Saint Paul · 14 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (651) 292-0131

Every agency in Dakota County All counseling agencies in Minnesota

Help in Spanish near Apple Valley

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Apple Valley

HUD’s record names them for Apple Valley or Dakota County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Dakota County Cda Public housing and Section 8 vouchers (651) 675-4400

One other authority has an office in Dakota County: see the list Source: HUD

Cities

Other cities in Dakota County

These cities are also in Dakota County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Dakota County Housing in Minnesota

Nearby cities

The cities closest to Apple Valley, with the typical home value.

Neighboring counties

If Dakota County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Apple Valley.

All guides
A mother holds her laughing daughter on a grey sofa.

Questions

Housing questions about Apple Valley

Short answers with the numbers for Apple Valley and all of Dakota County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Apple Valley?

The typical home value in Apple Valley is $370,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Dakota County it is $381,000.

How much does it cost to rent in Apple Valley?

Typical rent in Apple Valley is $1,738 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Dakota County is $1,734.

What is the FHA loan limit in Apple Valley?

Apple Valley uses the FHA limit for all of Dakota County (2026): $552,000 for a one-unit home and $1,061,550 for a four-unit home.

How much property tax do owners pay in Apple Valley?

The typical homeowner in Apple Valley pays $3,657 a year, according to the U.S. Census Bureau. That is 0.99% of the home’s value; in Dakota County, the rate is 0.98%.

Where can I find free help to buy or rent in Apple Valley?

There is 1 HUD-approved counseling agency with an office in Dakota County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).